Civic Intelligence

Poughkeepsie Public School Teachers Asso Trust Fund

990 • Fiscal year 2022 • EIN 14-1773337

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

40 Garden StreetPoughkeepsie, NY 12601

(845) 471-3376

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.08x

Higher debt load relative to assets than 66% of similar nonprofits.

2022 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.09x

Higher debt load relative to revenue than 69% of similar nonprofits.

2022 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2022

Net Margin

64th percentile

9.4%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$39,970

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2022 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2022

Asset Growth

81st percentile

8.5%

Faster asset growth than 81% of similar nonprofits.

2022 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

14%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$15,444,805

Up $1,205,071 (+8.5%) from 2021

Net Assets

Up

$14,195,795

Up $770,099 (+5.7%) from 2021

Liabilities

Up

$1,249,010

Up $434,972 (+53%) from 2021

Revenue

Up

$13,187,351

Up $1,607,075 (+14%) from 2021

Expenses

Up

$11,953,586

Up $2,426,174 (+25%) from 2021

Net Income

Down

$1,233,765

Down $819,099 (-40%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $548,439Liabilities 2011: $611,181Net Assets 2011: -$62,7422011Assets 2012: $493,398Liabilities 2012: $223,151Net Assets 2012: $270,2472012Assets 2013: $675,117Liabilities 2013: $882,394Net Assets 2013: -$207,2772013Assets 2014: $45,952Liabilities 2014: $522,643Net Assets 2014: -$476,6912014Assets 2015: $925,326Liabilities 2015: $657,651Net Assets 2015: $267,6752015Assets 2016: $1,626,008Liabilities 2016: $965,661Net Assets 2016: $660,3472016Assets 2017: $2,857,371Liabilities 2017: $187,044Net Assets 2017: $2,670,3272017Assets 2018: $6,108,031Liabilities 2018: $999,962Net Assets 2018: $5,108,0692018Assets 2019: $9,108,462Liabilities 2019: $951,126Net Assets 2019: $8,157,3362019Assets 2020: $12,192,176Liabilities 2020: $677,858Net Assets 2020: $11,514,3182020Assets 2021: $14,239,734Liabilities 2021: $814,038Net Assets 2021: $13,425,6962021Assets 2022: $15,444,805Liabilities 2022: $1,249,010Net Assets 2022: $14,195,7952022Assets 2023: $16,335,895Liabilities 2023: $971,850Net Assets 2023: $15,364,0452023Assets 2024: $16,463,093Liabilities 2024: $2,596,733Net Assets 2024: $13,866,3602024

Highlighted filing

2022

Assets$15,444,805
Liabilities$1,249,010
Net Assets$14,195,795

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $7,606,755Expenses 2011: $7,705,574Net Income 2011: -$98,8192011Expenses 2012: $7,132,0762012Expenses 2013: $8,936,8072013Revenue 2014: $7,519,319Expenses 2014: $7,788,733Net Income 2014: -$269,4142014Revenue 2015: $8,328,148Expenses 2015: $7,583,783Net Income 2015: $744,3652015Revenue 2016: $9,093,008Expenses 2016: $8,700,336Net Income 2016: $392,6722016Revenue 2017: $9,109,996Expenses 2017: $7,100,016Net Income 2017: $2,009,9802017Revenue 2018: $10,944,271Expenses 2018: $8,506,529Net Income 2018: $2,437,7422018Revenue 2019: $12,531,233Expenses 2019: $8,743,126Net Income 2019: $3,788,1072019Revenue 2020: $12,156,924Expenses 2020: $8,901,065Net Income 2020: $3,255,8592020Revenue 2021: $11,580,276Expenses 2021: $9,527,412Net Income 2021: $2,052,8642021Revenue 2022: $13,187,351Expenses 2022: $11,953,586Net Income 2022: $1,233,7652022Revenue 2023: $14,052,372Expenses 2023: $13,170,601Net Income 2023: $881,7712023Revenue 2024: $15,765,025Expenses 2024: $16,047,733Net Income 2024: -$282,7082024

Highlighted filing

2022

Revenue$13,187,351
Expenses$11,953,586
Net Income$1,233,765
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$13,187,351
Mission and Program Overview

Mission

The trust provides healthcare benefits to certain members and retirees previously covered by a multi-employer government cost sharing self-insured risk pool. This is in accordance with the current collective bargaining agreement covering members.

The trust provides healthcare benefits to certain members and retirees previously covered by a multi-employer government cost sharing self-insured risk pool. This is in accordance with the current collective bargainingagreement covering members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,136,982$15,252,337▲ $5,115,355
Rtn Earn Endowment Incm Other Fnds$13,425,696$14,195,795▲ $770,099
Savings and Temporary Cash Investments$4,102,752--
Accounts Receivable-$192,468-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$14,239,734$15,444,805▲ $1,205,071
Liabilities
Accounts Payable and Accrued Expenses$814,038$1,249,010▲ $434,972
Total Liabilities$814,038$1,249,010▲ $434,972
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,425,696$14,195,795▲ $770,099
Total Liabilities and Net Assets / Fund Balance$14,239,734$15,444,805▲ $1,205,071
Compensation and Service Providers

Employees

NameTitleBaseTotal
Debra KardasChair$39,970$39,970

Board Members and Trustees

NameTitle
Christopher KingTrustee
Heather MartinoTrustee
Stephanie VolklandTrustee
Kim PopkenTrustee- Ppsta Pres.
Donald StarkSecretary
Stephanie GreenTerm Ended Sept. 2021
Laura TietzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,961,831
Investment Income
$71,006
Other Revenue
$2,154,514
Change in Net Assets
$1,233,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,187,351
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,187,351
Total Revenue per Form 990
$13,187,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$461,122
Salaries, Compensation, and Employee Benefits$42,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$11,450,324
Fees for Services Other---$357,699
Current Officers, Directors, Trustees, and Key Employees---$42,140
Occupancy---$35,632
Fees for Services Accounting---$28,500
Office Expenses---$27,313
Insurance---$10,603
Other Expenses---$1,375
Total Functional Expenses$0$0$0$11,953,586

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,417,252
Expenses per Audited Statements$11,953,586
Total Expenses per Form 990$11,953,586
Expenses Not Reported on Form 990$463,666
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is distributed by email for board of trustees to review and provide feedback prior to filing with the internal revenue service.

Form 990, Part VI, Section C, Line 19

The form 990 is available on guidestar and upon request.

Filing and Contact Details

Filer

Filer Name
Poughkeepsie Public School Teachers
EIN
14-1773337
Phone
8454713376
Address
40 GARDEN STREET, POUGHKEEPSIE, NY 12601

Signing Officer

Name
Kim Popken
Title
Ppsta President
Phone
8454713376
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Popken
Formed
1994
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
32 FOSTERTOWN ROAD, NEWBURGH, NY 12550
Preparer
Elisha Brestovansky
Phone
8455655400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in claims incurred but not reported -463,666.

Financial Statement Notes

PART X, LINE 2:

The trust recognizes the effect of income tax positions only when they are more likely than not to be sustained. Management has determined that the trust had no uncertain tax positions that would require financial statement recognition or disclosure. The trust is no longer subject to examinations by the applicable taxing jurisdictions for periods prior to june 30, 2019.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Change in claims incurred but not reported 463,666.

Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE- PPSTA PRES.
IRS990/Form990PartVIISectionAGrp/TitleTxt7TERM ENDED SEPT. 2021
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE TRUST HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE TRUST IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN CLAIMS INCURRED BUT NOT REPORTED 463,666.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt011953586
IRS990ScheduleD/TotalRevenuePerForm990Amt013187351
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013187351
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012417252
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED BY EMAIL FOR BOARD OF TRUSTEES TO REVIEW AND PROVIDE FEEDBACK PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS AVAILABLE ON GUIDESTAR AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHANGE IN CLAIMS INCURRED BUT NOT REPORTED -463,666.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0POUGHKEEPSIE CITY SCHOOL DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt010787690
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0DEPOSITS/CHECKS RCVD
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0POUGHKEEPSIE CITY SCHOOL DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014239734
IRS990/TotalAssetsEOYAmt015444805
IRS990/TotalAssetsGrp/BOYAmt014239734
IRS990/TotalAssetsGrp/EOYAmt015444805
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt011953586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0814038
IRS990/TotalLiabilitiesEOYAmt01249010
IRS990/TotalLiabilitiesGrp/BOYAmt0814038
IRS990/TotalLiabilitiesGrp/EOYAmt01249010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013425696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014195795
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt010961831
IRS990/TotalReportableCompFromOrgAmt039970
IRS990/TotalRevenueGrp/ExclusionAmt085260
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013102091
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013187351
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014239734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015444805
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt040 GARDEN STREET
IRS990/USAddress/CityNm0POUGHKEEPSIE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012601
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.PPSTA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM POPKEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PPSTA PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08454713376
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POUGHKEEPSIE PUBLIC SCHOOL TEACHERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0POUG
ReturnHeader/Filer/EIN0141773337
ReturnHeader/Filer/PhoneNum08454713376
ReturnHeader/Filer/USAddress/AddressLine1Txt040 GARDEN STREET
ReturnHeader/Filer/USAddress/CityNm0POUGHKEEPSIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012601
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873231666
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt032 FOSTERTOWN ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012550
ReturnHeader/PreparerPersonGrp/PhoneNum08455655400
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELISHA BRESTOVANSKY
ReturnHeader/ReturnTs02023-05-15T06:51:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0POPKEN
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$2.60$13.9$15.8$16.0$0.28
2023Detailed filing. Detailed filing data is available for this year.$16.3$0.97$15.4$14.1$13.2$0.88
2022Detailed filing. Detailed filing data is available for this year.$15.4$1.25$14.2$13.2$12.0$1.23
2021Detailed filing. Detailed filing data is available for this year.$14.2$0.81$13.4$11.6$9.53$2.05
2020Detailed filing. Detailed filing data is available for this year.$12.2$0.68$11.5$12.2$8.90$3.26
2019Detailed filing. Detailed filing data is available for this year.$9.11$0.95$8.16$12.5$8.74$3.79
2018Detailed filing. Detailed filing data is available for this year.$6.11$1.00$5.11$10.9$8.51$2.44
2017Detailed filing. Detailed filing data is available for this year.$2.86$0.19$2.67$9.11$7.10$2.01
2016Detailed filing. Detailed filing data is available for this year.$1.63$0.97$0.66$9.09$8.70$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.93$0.66$0.27$8.33$7.58$0.74
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.52$0.48$7.52$7.79$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.88$0.21$8.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.22$0.27$7.13
2011Summary only. Only limited summary data is available for this year.$0.55$0.61$0.06$7.61$7.71$0.10